Prospera Financial Services Inc Raises Position in GoDaddy Inc. $GDDY

Prospera Financial Services Inc grew its position in shares of GoDaddy Inc. (NYSE:GDDY) by 54.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,508 shares of the technology company’s stock after buying an additional 2,651 shares during the quarter. Prospera Financial Services Inc’s holdings in GoDaddy were worth $1,352,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in the company. Summit Investment Advisors Inc. raised its stake in shares of GoDaddy by 6.1% in the first quarter. Summit Investment Advisors Inc. now owns 11,030 shares of the technology company’s stock worth $1,987,000 after purchasing an additional 630 shares during the last quarter. Fox Run Management L.L.C. purchased a new position in GoDaddy in the 2nd quarter worth about $1,940,000. Penserra Capital Management LLC boosted its holdings in shares of GoDaddy by 14.0% during the 2nd quarter. Penserra Capital Management LLC now owns 748 shares of the technology company’s stock valued at $134,000 after acquiring an additional 92 shares during the last quarter. Savant Capital LLC boosted its holdings in shares of GoDaddy by 1.5% during the 2nd quarter. Savant Capital LLC now owns 35,424 shares of the technology company’s stock valued at $6,378,000 after acquiring an additional 518 shares during the last quarter. Finally, Achmea Investment Management B.V. grew its stake in shares of GoDaddy by 0.8% in the second quarter. Achmea Investment Management B.V. now owns 128,472 shares of the technology company’s stock worth $23,133,000 after acquiring an additional 994 shares during the period. 90.28% of the stock is currently owned by hedge funds and other institutional investors.

GoDaddy Stock Performance

NYSE GDDY opened at $131.64 on Wednesday. The company has a quick ratio of 0.64, a current ratio of 0.64 and a debt-to-equity ratio of 9.33. GoDaddy Inc. has a twelve month low of $125.00 and a twelve month high of $216.00. The business has a 50-day moving average price of $137.11 and a 200-day moving average price of $158.55. The firm has a market cap of $17.79 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 1.36 and a beta of 0.96.

GoDaddy (NYSE:GDDY) last issued its earnings results on Thursday, October 30th. The technology company reported $1.51 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.01. GoDaddy had a return on equity of 189.42% and a net margin of 17.01%.The company had revenue of $1.27 billion for the quarter, compared to the consensus estimate of $1.23 billion. During the same quarter last year, the company earned $1.32 EPS. The firm’s quarterly revenue was up 10.3% on a year-over-year basis. GoDaddy has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS. As a group, equities research analysts predict that GoDaddy Inc. will post 6.63 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research analysts have weighed in on GDDY shares. Morgan Stanley set a $159.00 target price on GoDaddy in a report on Friday, October 31st. UBS Group decreased their target price on GoDaddy from $160.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, October 31st. Wells Fargo & Company lowered their target price on GoDaddy from $157.00 to $145.00 and set an “equal weight” rating on the stock in a research report on Monday, October 6th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of GoDaddy in a research report on Friday, October 31st. Finally, Citigroup cut their price objective on GoDaddy from $214.00 to $195.00 and set a “buy” rating for the company in a research note on Friday, October 31st. One analyst has rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $184.07.

Insider Transactions at GoDaddy

In other GoDaddy news, COO Roger Chen sold 1,000 shares of GoDaddy stock in a transaction on Monday, September 15th. The shares were sold at an average price of $145.71, for a total value of $145,710.00. Following the sale, the chief operating officer directly owned 251,949 shares in the company, valued at approximately $36,711,488.79. The trade was a 0.40% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Amanpal Singh Bhutani sold 6,950 shares of the stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $142.21, for a total transaction of $988,359.50. Following the transaction, the chief executive officer directly owned 412,065 shares of the company’s stock, valued at $58,599,763.65. This trade represents a 1.66% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 20,553 shares of company stock valued at $2,969,057. 0.70% of the stock is owned by corporate insiders.

GoDaddy Profile

GoDaddy Inc engages in the design and development of cloud-based products in the United States and internationally. It operates through two segments: Applications and Commerce, and Core Platform. The Applications and Commerce segment provides applications products, including Websites + Marketing, a mobile-optimized online tool that enables customers to build websites and e-commerce enabled online stores; and Managed WordPress, a streamlined and optimized website building that allows customers to easily build and manage a faster WordPress site; Managed WooCommerce Stores to sell anything and anywhere online; and marketing tools and services, such as GoDaddy Studio mobile application, search engine optimization, Meta and Google My Business, and email and social media marketing designed to help businesses acquire and engage customers and create content.